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 Partygaming co-founder Anurag Dikshit has sold his remaining stake in what was once the world’s largest gambling enterprise, PartyGaming.
According to a Business Wire statement, Dikshit sold 38.8 million shares at a price of 270 pence per share through his Crystal Ventures Ltd vehicle. The shares saw a 7 percent drop in London trading. The founder had previously sold about two-thirds of his shares back in October. The sale of his remaining ownership, consisting of about 9 percent of the company, brought him about $170 million. A spokesperson for Dikshit said the divestment was simply the last step in an ongoing process to rid Dikshit from the online gaming industry. In December 2008, Dikshit pleaded guilty to running illegal Internet gambling sites in the U.S. and agreed to cooperate with the Justice Department in its investigate on the company. He paid $300 million in fines and is scheduled to be sentenced this year. "We have the court hearing and sentencing still hanging over us," said spokesman Shimon Cohen. "Anurag voluntarily went to America and pleaded guilty so that he could move on." Miss B says: PartyGaming has made Dikshit loads of money, but I guess the legal controversy surrounding the site has forced Dikshit to feel the need to isolate himself from the online gaming industry. Comments anyone?
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